Saudi Arabia economy grew 3.9% in Q1 boosted by non-oil activities
Saudi Arabia’s economy grew by 3.9% year-on-year in the first quarter of 2023, according to initial government estimates of real gross domestic product published on Sunday. Non-oil activities grew by 5.8% in the first quarter from a year prior, the General Authority for Statistics said, citing flash estimates, while oil activities grew by 1.3%. Government […]
Saudi’s Kingdom Holding increases stake in UK’s Phoenix Group
Kingdom Holding Company (KHC) announced on Sunday an additional 274.2 million Saudi riyals ($73.10 million) investment in Phoenix Group. The new investment increases Kingdom Holding’s ownership in the UK-based insurance, savings and retirement firm to 5% from 4%, the company said in a statement to the Saudi stock exchange. In July 2022, the investment company, […]
Saudi’s SFDA lifts ban on poultry and eggs from Poland
The Saudi Food and Drug Authority (SFDA) has decided to lift a temporary ban on the import of poultry meat, eggs, and their products and preparations from Poland. SFDA said it made the decision based on the immediate notification report issued by the World Organization for Animal Husbandry, which states that the highly virulent bird […]
Sudan battles rage as Saudi hosts latest truce talks
Gun battles and air strikes on Sunday again flared in Sudan’s capital, which has been rocked by four weeks of fighting despite the latest ceasefire efforts backed by Saudi Arabia and the United States. Multiple truce deals have been declared and quickly violated since fighting erupted between army and paramilitary forces on April 15 in […]